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Dec 9, 2013
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there is the pressure of mid term election as a lead up to the next presidential election and i would say i would read the tea leaves. the way they're getting together on the farm bill is an indication republicans want to play ball a little bit more. those are farm bills. farmers are their constituents. i think there's a con volution of things with the re-election and mid term. the presidential election is very important in this lead up, particularly since the fumble with obama care. the republicans may see an opening and may be a reason for them to try to get some things done. >> so, i mean, you talk about the farm bill. do they have a long way away on how much they want to trim from that? democrats want to trim 4 billion, represent can't want to trim 40 billion. this is from the food stamps department. yes, they're talking, which is a good thing. there's still a lot of distance. >> well, there's distance on the food stamp program and that's always the case. democrats, remember, those are more -- those are perceived to be more democratic constituents so they will want to do less, par
there is the pressure of mid term election as a lead up to the next presidential election and i would say i would read the tea leaves. the way they're getting together on the farm bill is an indication republicans want to play ball a little bit more. those are farm bills. farmers are their constituents. i think there's a con volution of things with the re-election and mid term. the presidential election is very important in this lead up, particularly since the fumble with obama care. the...
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Dec 10, 2013
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, presumably re-elected with less vote or mandate. is that that double bite? >> i think the big problem in brazil is that growth has slowed so much recently and the supporters of government has weakened. for her to get back into power, what they need is structural reforms to switch their growth model away from consumption and investment. to do that, they need to raise savings rates, introduce pension forms. >> yeah. so despite the -- sort of the world cup coming, the distraction -- >> it's more a distraction. >> so out of the five, indonesia is the one that is likely to fare best? >> i think so. that's the one that we're most confident on. you know, there's certainly no guarantee who's going to win, but if joka does win, and he's the strong favorite at the moment, sentiment could be really good. is that enough to take pressure off the rupiah? >> i think so. part of the reason why indonesia has been so badly hit is uncertainty coming up to the elections. if you get a new minded guy in power, it could reduce sentiment. >> wee just got n
, presumably re-elected with less vote or mandate. is that that double bite? >> i think the big problem in brazil is that growth has slowed so much recently and the supporters of government has weakened. for her to get back into power, what they need is structural reforms to switch their growth model away from consumption and investment. to do that, they need to raise savings rates, introduce pension forms. >> yeah. so despite the -- sort of the world cup coming, the distraction --...
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Dec 5, 2013
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. >>> india's party looks to make gains in key elections. we'll be in dehli in just over half an hour. >>> and move over, detroit. tensions are moving to other regions drowning in debt, including puerto rico. what it could mean. if you've got any thoughts or comments about anything we're talking about today, e-mail us, worldwide@cnbc.com. the ecb today will be presenting new growth and inflation forecasts alongside the announcement of its latest policy decision. the central bank said it expected a slight rise in inflation in 2014 and '15 and predicated a rise in in inflation across the upper row zone next year. annette is with us now. they cut rates last month. the euro hasn't weakened. we had sharp divergence between germany and france. what do they do now? >> that's a good question, actually, probably. today they won't do anything. we might see more moving towards potential further easing next year. as well, of course, that wouldn't be their first agenda to weaken the euro a little bit towards the dollar. they would never admit that. but i
. >>> india's party looks to make gains in key elections. we'll be in dehli in just over half an hour. >>> and move over, detroit. tensions are moving to other regions drowning in debt, including puerto rico. what it could mean. if you've got any thoughts or comments about anything we're talking about today, e-mail us, worldwide@cnbc.com. the ecb today will be presenting new growth and inflation forecasts alongside the announcement of its latest policy decision. the central...
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Dec 4, 2013
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at home, teef got an election coming up in india. they heavily subsidize many staples for their poor. up to 70% of the population will receive some sort of subsidy under this aggressive new security program that they've recently launched. and try explaining, you may be rolling some of that back to an electorate as you're going into an election. certainly not an easy thing to do. and if he does sign off on this deal in four years, the subsidy program will breach wto trading caps on subsidies. so he's trying to if a nagel a way out of that. then here at bahli, at the wto ministerial conference, a tremendous amount of pressure to give in and get a deal done because they need consensus. every one of the 159 delegates at this conference must agree to a deal or the entire thing collapses. he suggested that 145 in his opinion of the ministers are on board. only a few standouts lining up with india are on the other side. but india, they haven't been afraid to seek a controversial decision before. they did this before in 2008, they came one a
at home, teef got an election coming up in india. they heavily subsidize many staples for their poor. up to 70% of the population will receive some sort of subsidy under this aggressive new security program that they've recently launched. and try explaining, you may be rolling some of that back to an electorate as you're going into an election. certainly not an easy thing to do. and if he does sign off on this deal in four years, the subsidy program will breach wto trading caps on subsidies. so...
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Dec 2, 2013
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what is, after all, a democratically elected government? >> yeah, exactly. i think that sometimes is lost on, you know, the greater public or media viewership. this is a democratically elected government and in this case you've had a, you know, sizeable but still fairly small minority attempting some fairly provocative acts to get a reaction from the government, from the police, from the military and that adds a term on your show, involves things like invati invading the headquarters of the royal thai army. the government has had a great deal of restraint understanding the goal was to provoke. the government has done a good job of managing it and keeping the levels of violence to a minimum. >> it's a strange thing, isn't it, to talk about a people's coup to replace an interim r rim, unelected government. how is business viewing this? >> well, i think, you know, for businesses that are already hear, thai businesses that are already operating, they've seen this before. it's been going on at least since 2006 in one form or another and most kind of violently in
what is, after all, a democratically elected government? >> yeah, exactly. i think that sometimes is lost on, you know, the greater public or media viewership. this is a democratically elected government and in this case you've had a, you know, sizeable but still fairly small minority attempting some fairly provocative acts to get a reaction from the government, from the police, from the military and that adds a term on your show, involves things like invati invading the headquarters of...
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Dec 6, 2013
12/13
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the following year in the first mixed race election in south africa's history, nelson mandela was elected president. today is a day like no other before us. >> we were the first to interview him on that first morning as president elect. mandela tempered south africa's joy when he said healing his country would take time. >> it cannot be done overnight. it is going to take a year, two years, even as much as five yea years. >> from enemy of the state to head of state, nelson mandela's walk to freedom became a journey jared by his entire nation. >> i have never been so excited and hopeful in my life in south africa as i am now. >> years later, nelson mandela paid a return visit to his former prison cell, this time accompanied by president bill clinton who later presented him with the congressional gold medal. mandela stepped down as president in 1999, but he lived long enough to see the united states elect its own first black president. and in 2011, he was paid a visit in south africa by first lady michelle obama who brought along first daughters malia and sasha. admired around the world and
the following year in the first mixed race election in south africa's history, nelson mandela was elected president. today is a day like no other before us. >> we were the first to interview him on that first morning as president elect. mandela tempered south africa's joy when he said healing his country would take time. >> it cannot be done overnight. it is going to take a year, two years, even as much as five yea years. >> from enemy of the state to head of state, nelson...
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Dec 3, 2013
12/13
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he was always going to go with the sooiide of this equation that would guarantee him success in the elections. from his perspective, that was going to be russia particularly as the ukraine required financial support which the eu seems unlikely willing to provide. >> if they had been willing to provide that, would the situation have been different? >> potentially. however, russia does hold a number of cards. obviously, ukraine is still very dependent on gas imports from russia and the gas price would have been a crucial consideration in all of this. however, it's clear from what has happened yanukovych miscalculated the extent to which the population is in favor of joining us moving towards the eu. we just got this note coming out from the ukraine finance minister saying can ikiev will back its debt on time. what do you make of that? >> that's clearly a signal to russia that the ukraine is still on side and possibly able to appeal to russia to come forth with distance. at this point, yanukovych has to show concrete evidence of russian support. >> are these protests go to go continue? and what
he was always going to go with the sooiide of this equation that would guarantee him success in the elections. from his perspective, that was going to be russia particularly as the ukraine required financial support which the eu seems unlikely willing to provide. >> if they had been willing to provide that, would the situation have been different? >> potentially. however, russia does hold a number of cards. obviously, ukraine is still very dependent on gas imports from russia and...